Galore of Trend lines on the hourly chart
I have noted four falling trend lines and a symmetrical triangle.
GBP’s failure to take out plum trend line followed by a bearish break from symmetrical triangle could see the spot test 1.40 handle. A break appears likely, thus exposing support at 1.3924.
On the higher side, only an hourly close back above symmetrical triangle resistance seen at 1.4145 wud indicate a short-term bottom is in place at 1.40, although bullish break wud be confirmed only in case of break abv falling trend line black.